Crude oil futures settle at $59.91

Crude oil futures are settling at $59.91, up $1.84 or 3.17%.

The low worth right this moment reached $57.77. The excessive reached $60.02.

Technically, the value is closing above the 100/200 hour MAs at $58.30 and $59.15. Getting and staying above these MAs provides the patrons some hope with the 38.2% of the transfer down from the April excessive at $61.63 as the following goal.